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The Table Below Gives the Quantities and Prices for 2005

Question 39

Multiple Choice

The table below gives the quantities and prices for 2005 and 2015 for an economy that produces just two goods: sailboats and coconuts. The table below gives the quantities and prices for 2005 and 2015 for an economy that produces just two goods: sailboats and coconuts.   For this economy that produces just sailboats and coconuts, and with 2005 as the base year, nominal GDP was approximately ________ times larger in 2015 than it was in 2005. A) 1.34 B) 1.65 C) 1.77 D) 2.19  
For this economy that produces just sailboats and coconuts, and with 2005 as the base year, nominal GDP was approximately ________ times larger in 2015 than it was in 2005.


A) 1.34
B) 1.65
C) 1.77
D) 2.19

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